Examlex
The base rate is the number of hires divided by the number of employees.
Bridge Project
An engineering endeavor aimed at constructing a bridge, which is a structure built to span physical obstacles without closing the way underneath.
Benefits
The advantages or profits gained from something, including goods, services, or actions.
Elastic Demand
A situation where the demand for a product is sensitive to price changes, indicating that a small change in price can lead to a significant change in the quantity demanded.
Less Elastic
Describes a situation where a change in price leads to a relatively smaller change in the quantity demanded or supplied.
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